MOSCOW (MRC) -- The Egyptian Petrochemicals Holding Company (Echem) is considering setting up four projects to produce derivatives of propylene, ammonium, formaldehyde, and medium density fiberboard (MDF) at a cost of USD5 bln, as per Plastemart.
Echem will join hands with consulting firm Technip to complete the technical and financial studies for the propylene production projects next month, Nouran Salah, business development engineer at Echem was quoted in the Daily News Egypt.
According to Salah, investments of the project amount to USD2 billion and will begin in Q2-2017. The company is now studying the ammonium, formaldehyde, and MDF projects, where it will assign a consulting firm to conduct the technical and financial feasibility studies within 3 months, and will take 12 months to be completed.
We remind that, as MRC informed before, in 2015, CB&I was awarded a contract by another petrochemical producer in Egypt - Carbon Holdings - for the license and engineering design of a polypropylene (PP) unit to be built in Ain Sokhna, Egypt. The unit will be aligned to the Tahrir petrochemical complex and use CB&I's Novolen technology to produce 350,000 tpy of polypropylene.
MRC